Kansas City, MO 64108 Real Estate Market Report

ZIP Code: 64108
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Kansas City, MO (ZIP: 64108) stands at $375,000, reflecting a localized cooling trend in the market. This area has experienced a year-over-year price increase, although recent month-over-month price decreases suggest a potential shift in buyer sentiment. The market is characterized by elevated inventory levels, with a notable 324 days on market, indicating slower sales velocity compared to broader trends in the Kansas City metro area.

Despite the overall market showing modest appreciation and moving towards balanced conditions, the specific dynamics in this ZIP code reveal a disconnect between seller expectations and buyer activity. The current median listing price of $499,900 indicates a significant pricing gap, which may contribute to the extended time properties are taking to sell. As interest rates remain moderate, the market temperature is considered neutral, suggesting that while there is some upward pressure on prices, the overall activity remains subdued.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Kansas City MO average around 6.00% compared to a 5.50% average rate observed earlier in 2026, indicating property owners locked in a favorable rate.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $375,000 indicates a potential pricing gap compared to the median listing price of $499,900, which may be contributing to slower sales activity.

2. Properties are taking an average of 324 days on market, reflecting slower sales velocity and indicating a need for adjustments in pricing strategies.

3. The market temperature is currently neutral, suggesting balanced conditions but with signs of softening in local demand.

4. Year-over-year trends show that both prices and rents are up, indicating some resilience in the market despite current challenges.

5. With a property tax rate of 1.11%, potential buyers should factor in this cost when evaluating affordability in the current market.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.